A company may be considered insolvent under the Code if it is unable to pay its debts as they come due.

Name: A company may be considered insolvent under the Code if it is unable to pay its debts as they come due.
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According to the definitions under the Insolvency and Bankruptcy Code, 2016, a company may be considered insolvent if it is unable to pay its debts as they become due, or if the value of its assets is less than the amount of its liabilities.

A Company May Be Considered Insolvent Under the Code If